First tenants at Grandview Yard unveiled - Birmingham Business Journal:

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Plans filed with the city July 7 show developefr Nationwide RealtyInvestors Ltd. wants to buildd the first $40 million worth of projectw as it continues planning forthe $500 million to $600 million redevelopmen t on 90 acres in the suburb’d industrial core. The city’s planningb commission will consider the HyattyPlace hotel, Urban Active fitness cente and a planned Jason’s Deli in the office building as conditional The preliminary and final development plan must go through the commission as well as Grandview Heights City Dublin-based M&A Architects, the designer of the three-story office building, plans to occupy at leasft 20,000 square feet on the top floor.
The plana mark the first projects presented to the city for approval since Nationwide Realty first began acquiring the former Big BearStorex Co. distribution complex and surroundingv properties inMay 2006. In conjunctio n with the real estate projects, Grandview Heightw City Council at its July 6 meeting heard a firstt reading of a development agreement betweenh the city andNationwide Realty. The resolutio n outlines how the city will payfor $78 milliomn in road improvements and utilities inside Grandviewq Yard and another $41 million in off-site public improvements.
Other legislation in supportf of the development agreement is expected to be introduced as earlhy as a special July 13counciol meeting. Construction on the three buildingss and the first phase of road and utility projectzs could begin as early aslate August. The hotel and fitness cented should open in fall said Nationwide Realty PresidentBrian Ellis. “We shoulc be pretty well positioned to get the project he said. The city’s mayor welcomed the sign of progrese despite the tougheconomic environment. “Getting something out of the Mayor RayDeGraw “will attract attention and more people.
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